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Main stakes and challenges related to current EU ​retail payment initiatives

Day 1 Afternoon

Wednesday 14 April

Track :



Burkhard Balz
Member of the Executive Board - Deutsche Bundesbank
Public Authorities
Juan Ayuso
Director General Operations, Markets and Payment Systems - Banco de España
Marcel Haag
Director, Horizontal Policies, DG FISMA - European Commission
Tsvetelina Penkova
MEP, IMCO Committee - European Parliament
Fiona Van Echelpoel
Deputy Director General, DG Market Infrastructure & Payments - European Central Bank (ECB)
Maria Velentza
Director of Financial Services, DG Competition - European Commission
Industry Representatives
Charlotte Hogg
Executive Vice President and Chief Executive Officer - Visa Europe
Juan Orti
Country Manager Spain, Head of Consumer Spain and BeNeLux, Europe Board Director - American Express
Joachim Schmalzl
Executive Member of the Board - Deutscher Sparkassen- und Giroverband (DSGV)
Other stakeholder & expert
Martina Weimert
Chief Executive Officer - The European Payments Initiative (EPI)


The payment area in the EU is evolving fast in the context of ever evolving communication and distributed ledger technologies and development of notably BigTechs and social networks. The data invasive economy is further accelerated by AI and cloud computing. These evolutions are accompanied with new types of (cyber) risks. One should in addition stress the global and even supra national nature of all these trends. 

In this context, incumbents’ role and business models is challenged, be they banks or infrastructures. Even the role of Central Banks regarding money creation is questioned. 

To address these revolutionary trends, many policy initiatives have been launched in the EU and globally: Central bank working groups, data protection regulations, instant payment (retail) infrastructures… 

The session is dedicated to proposing a consistent description of such trends and related challenges in order to work out what should be a consistent agenda for both private and public players and payment infrastructures, to both address emerging risks and threats and further enable the progress expected by EU citizens. 

Points of discussion

  1. What are the main trends requiring the EU retail payment area to evolve and adapt to address EU citizens transaction needs?
  2. What are the possible adaptation approaches available to EU public and private stakeholders?